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COPPERMOLY LIMITED Capital/Financing Update 2011

Oct 31, 2011

64690_rns_2011-10-31_4220f9b6-ec97-4785-bcab-d3f452e34ede.pdf

Capital/Financing Update

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MARKET RELEASE

1 November 2011

Coppermoly Limited

TRADING HALT

The securities of Coppermoly Limited (the “Company”) will be placed in Trading Halt Session State at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in Trading Halt Session State until the earlier of the commencement of normal trading on Thursday, 3 November 2011 or when the announcement is released to the market.

Security Code:

COY

Simon O’Brien Senior Adviser, Listings (Brisbane)

COY2011.11.01mr_th-sjo

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ADDRESS PHONE PO Box 7996 +61(07) 5592 2274 Gold Coast Mail Centre FAX Qld 9726 Australia +61 (07) 5592 1001 EMAIL ABN 54 126 490 855 [email protected] WEBSITE

1 November 2011

Mr Simon O’Brien Companies Advisor Australian Securities Exchange

Dear Mr O’Brien

Request for Trading Halt

I refer to our telephone conversation and hereby apply for a trading halt on the Company’s traded securities under Listing Rule 17.1 for a period of up to two days pending an announcement to the market concerning a material capital raising. The Company expects to make an announcement concerning the capital raising before trading commences on Thursday, 3 November 2011 to end the trading halt. The company is not aware of any reason why the trading halt should not be granted.

Yours sincerely

Coppermoly Limited

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Maurice Gannon

Director / Company Secretary